Money and Banking Part 15: Monetary Systems By Eric Tymoigne Throughout this series, posts have used balance sheets extensively to get an understanding of the monetary operations of developed economies, but nothing has been said about what a monetary instrument is. It is time to spend some … Continue reading → Money and Banking Part 15: Monetary Systems
Cochrane Proposes “Restoring the Rule of Law” by Letting CEOs Defraud with Impunity By William K. Black May 16, 2016 Bloomington, MN John Cochrane is a theoclassical economist. I struggle to explain to readers how radical theoclassical economics has become. The more their anti-regulatory policies prove disastrous the more extreme their policies become. […]
This blog continues the discussion of the British currency crisis in 1976. Today we discuss the way the US government was constructing the crisis. They had previously seen Europe in terms of military and political threats and had clearly developed … Read the rest of this entry »
Earlier this week (May 23, 2016), the Greek public opinion polling agency – Public Issue – published its latest Political Barometer (No. 156) which reported on – Attitudes towards the European Union and the Euro. As at May 2015, the … Read the rest of this entry »
From your nominations over the past month, a short list of 50 books has been complied. The poll will remain open for two weeks. You may vote for ten books. The books are listed in alphabetical order by author on your ballot below.
from Asad Zaman and the WEA Pedagogy Blog A well-known historian and philosopher of science Pierre Duhem reflects the typical Eurocentric attitude: “There is no Arabian science. The wise men of Mohammedanism were … faithful disciples of the Greeks, (and) … destitute of all originality.” It is amazing how prejudice can blind historians to the vast […] […]
From bad to worse: Another May reversal from a hopeful April gain: Richmond Fed Manufacturing Index Highlights The Richmond Fed index fell a sharp 15 points in May to minus 1, adding further evidence of a serious slowdown in manufacturing activity as also indicated in last week’s Empire State and Philly Fed reports for May. […] The post Redbook retail sales, […]
Imports and exports down, as global trade continues to wind down. And the trade surplus remains yen friendly. However intervention will likely prevent any material yen appreciation: Rail Again Moves Deeper Into Contraction Week 19 of 2016 shows same week total rail traffic (from same week one year ago) declined according to the Association of […] The post Ja […]
Le Premier-ministre, le gouvernement et la presse aux ordres se déchainent contre la CGT et qualifient les grèves qui touchent les raffineries de « terrorisme social ». Le discours tenu aujourd’hui par Manuel Valls est en...
Une première analyse des résultats de l’élection présidentielle en Autriche confirme les réflexions faites à chaud sur le poids du « conservatisme » des électeurs. Mais, elle ouvre aussi porte à un soupçon de fraude. Voici...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]